The initiative from the Ministry of Finance is aimed at empowering youth and students as well as drive local spending to kickstart the post Covid recovery - and BigPay, homegrown in Malaysia, is the perfect pick to help.
BigPay has been selected by the Malaysian government to be one of the official e-money players for the eBelia initiative.
Starting from June 1, Malaysian citizens between the ages of 18 and 20 or full-time students at a registered local Higher Educational Institution will be able to claim RM150 directly from the BigPay app.
Ahead of the official launch, users are encouraged to go through the simple sign up for the BigPay account and get their card as soon as possible so that they can claim their RM150 from 1 June onwards. New users can enjoy free RM20 bonus upon sign-up with the promo code: PCEBELIABP
“We’re honoured to be one of the e-money players picked by the Government to take part in the eBelia initiative. This programme will encourage young Malaysians to support local businesses and spend digitally - and giving young people more financial freedom is a core part of our mission”, said Salim Dhanani, CEO and Co-Founder of BigPay.
“Gen Z are looking for more intuitive experiences when it comes to their financial needs - one that is embedded in technology, transparent and personalised. They want to keep more of their hard earned money and plan for the future - all with simplicity. The features on BigPay - from integrated expense tracking, split bills to micro-insurance - are there to empower users to take control of their finances and foster good financial health.
The BigPay card can be used almost anywhere, with over 800,000 locations in Malaysia, in physical locations and online via e-commerce. Sign-up takes a few minutes and is all done digitally through the BigPay app with eKYC (electronic Know-Your-Customer) to unlock all the features.
On top of the RM150 stimulus and the special promo code above, BigPay will also reward its eBelia users with incredible offers. Stay tuned for the full breakdown on 1 June.
